USDCHF Daily Forecast: May 09

USDCHF Forecast
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0100 area. Immediate support is seen around 1.0000 located around the support/lower line of the bullish channel as you can see on my H1 chart below. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.0100 would expose 1.0170 – 1.0200 region.